McElhenny Sheffield Capital Management LLC Makes New Investment in iShares Bitcoin Trust ETF (NASDAQ:IBIT)

McElhenny Sheffield Capital Management LLC acquired a new stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 18,269 shares of the company’s stock, valued at approximately $855,000. iShares Bitcoin Trust ETF comprises approximately 0.3% of McElhenny Sheffield Capital Management LLC’s portfolio, making the stock its 22nd biggest holding.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vision Financial Markets LLC acquired a new position in iShares Bitcoin Trust ETF during the fourth quarter worth approximately $25,000. Beacon Capital Management LLC purchased a new stake in shares of iShares Bitcoin Trust ETF during the 4th quarter valued at $28,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of iShares Bitcoin Trust ETF during the 4th quarter valued at $28,000. Graney & King LLC acquired a new stake in shares of iShares Bitcoin Trust ETF during the 4th quarter worth $31,000. Finally, New England Capital Financial Advisors LLC purchased a new position in shares of iShares Bitcoin Trust ETF in the 4th quarter worth $32,000.

iShares Bitcoin Trust ETF Trading Down 0.7%

Shares of iShares Bitcoin Trust ETF stock opened at $61.84 on Thursday. The business’s fifty day moving average price is $55.20 and its 200 day moving average price is $54.14. iShares Bitcoin Trust ETF has a twelve month low of $28.23 and a twelve month high of $63.70.

iShares Bitcoin Trust ETF Profile

The IShares Bitcoin Trust Registered (IBIT) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is a passively managed fund that seeks to track the spot price of Bitcoin. IBIT was launched on Jan 5, 2024 and is issued by BlackRock.